Study Unveils the Future of Digital Supply Chains

The next-generation supply chain market is expected to reach $75-plus billion by 2030, according to a report produced by LogisticsIQ, India. Major drivers of growth entail Big Data, demand for greater visibility and transparency and the adoption of artificial intelligence (AI) and blockchain technologies.

5G to revolutionize NextGen supply chain market

2020 will experience a widespread rollout of 5G, equipped with high data speeds, improved quality and reduced latency. Also look for augmented reality in warehouses, mobile sensors and predictive analytics to better optimize transportation management.

AI and Supply Chain 4.0

AI in supply chains is being used to address key challenges such as constant change in process, shorter product lifecycle and increased demand uncertainty. AI is already being deployed in supply chain planning and optimization, including demand forecasting, inventory management, warehouse management and fleet management.

The age of robotics

The rise of e-commerce has led robots to enter warehouses, sorting and micro-fulfillment centers and last-mile delivery situations. Autonomous mobile robots (AMRs) are now being used in an entire logistics chain, from order intake to customer delivery, resulting in faster order fulfillment and more.

Automated guided vehicles (AGVs) are also being deployed in warehouses as autonomous forklifts, carts and pallet movers.

Last-mile delivery with delivery robots and drones

Drones and unmanned ground vehicles (UGVs) are showing up in last-mile delivery.